Washington Governor Backs Income Tax Bill
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Washington Governor Bob Ferguson pledges to sign a revised income tax bill, Senate Bill 6346, targeting income over $1 million with a 9.9% tax rate. The bill includes key changes to benefit families and small businesses, such as expanding the Working Families Tax Credit and exempting over-the-counter medicines from sales tax. Supporters view it as a way to fix the states regressive tax system and fund essential services, while critics argue it could harm the economy and eventually impact middle-income earners. The bill has passed the Senate and is heading to the House for a vote, with a deadline of March 12th.
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